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New Cars - A Reality Check Auburn AL

There is a common misconception that new-car dealers finance the cars they sell or lease. Not true. Dealers don't make loans or finance leases. A dealer may run a preliminary credit check on you prior to completing your paperwork, but this should not be interpreted as approval of your loan or lease application.

Enterprise Rent-A-Car
(334) 749-6767
1220 Fox Run Ave Ste C6
Opelika, AL

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Enterprise Auto Rental
(251) 662-0339
675 Three Notch Rd Ste A
Mobile, AL
 
Hertz - Regions Hangar
(205) 591-6090
4816 69th Street North
Birmingham, AL
Hours
0600-2400 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Gold Counter Service
Additional Information
This location is for Private Flights only.

Enterprise Rent-A-Car
(205) 424-3351
750 Academy Dr
Bessemer, AL

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Hertz - Isbell Field
(423) 855-8131
2200 Terminal Road
Fort Payne, AL
Hours
Mo-Fr 0700-2330
Sa 0800-2200
Su 0800-2330
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System
Additional Information
This location is for Private Flights only.

Hertz - Moton Field Municipal Airport
(334) 284-1560
2307 Ragsdale Drive
Tuskegee, AL
Hours
Mo-Fr 0800-1600
Sa-Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
This location is for Private Flights only.

Hertz - Atlantic Aviation West
(205) 819-3820
4243 East Lake Blvd.
Birmingham, AL
Hours
24 Hours
7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System
Additional Information
This location is for Private Flights only. After Hours - After hour returns are allowed.

Enterprise Auto Rental
(205) 326-6555
728 4Th Ave S
Birmingham, AL
 
Enterprise Auto Rental
(205) 655-4070
808 Gadsden Hwy Ste 104
Birmingham, AL
 
Enterprise Auto Rental
(205) 991-6222
230 Inverness Cors
Birmingham, AL
 
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New Cars - A Reality Check

In the years we've been in the automotive advice business we’ve received thousands of emails with questions about buying and leasing new cars.

Although each reader's situation is different, there seem to be general issues that show up over and over again that represent some common misunderstandings and misconceptions about new car buying and leasing. Let's address some of them now.

New cars are not financed by dealers
There is a common misconception that new-car dealers finance the cars they sell or lease. Not true. Dealers don't make loans or finance leases. A dealer may run a preliminary credit check on you prior to completing your paperwork, but this should not be interpreted as approval of your loan or lease application. He just wants to make sure he's not wasting his time on someone with serious credit problems.

A new-car purchase or lease deal is contingent on the dealer being able to find a finance company or bank who will agree to finance your deal, based on your credit history and debt load. The finance company pays the dealer for the car (which means the finance company owns the car), and arranges for the customer to pay them back the money for that car, plus interest. See for more details.

Dealers can ask you to return your new car
A dealer will allow you to drive away in his new car immediately after you've signed your loan or lease papers. This does not mean your credit has been approved or that your loan (or lease) ...

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